Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Short Interest Up 17.7% in March

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 342,600 shares, a growth of 17.7% from the March 15th total of 291,200 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 65,900 shares, the short-interest ratio is presently 5.2 days.

Bioceres Crop Solutions Price Performance

BIOX stock opened at $12.50 on Tuesday. The company’s 50 day moving average price is $12.91 and its 200 day moving average price is $12.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 1.24. Bioceres Crop Solutions has a fifty-two week low of $9.76 and a fifty-two week high of $14.20. The firm has a market capitalization of $785 million, a price-to-earnings ratio of 39.06 and a beta of 0.58.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its earnings results on Thursday, February 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $140.30 million for the quarter, compared to analyst estimates of $108.97 million. Bioceres Crop Solutions had a net margin of 4.36% and a return on equity of 5.96%. During the same period in the prior year, the firm earned ($0.14) earnings per share. On average, equities research analysts anticipate that Bioceres Crop Solutions will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm upped their target price on shares of Bioceres Crop Solutions from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, February 9th.

Institutional Trading of Bioceres Crop Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIOX. Advisor Group Holdings Inc. raised its holdings in Bioceres Crop Solutions by 66.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,242 shares of the company’s stock worth $27,000 after purchasing an additional 899 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in Bioceres Crop Solutions during the fourth quarter worth approximately $33,000. Lazard Asset Management LLC acquired a new stake in Bioceres Crop Solutions during the fourth quarter worth approximately $49,000. Goldman Sachs Group Inc. acquired a new stake in Bioceres Crop Solutions during the second quarter worth approximately $176,000. Finally, Sei Investments Co. acquired a new stake in Bioceres Crop Solutions during the second quarter worth approximately $221,000. Institutional investors and hedge funds own 17.68% of the company’s stock.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.